money market funds

Following 2008’s little Lehman-induced hiccup in the industry, some folks had a radical idea: Maybe money-market funds should have to report their actual share price like everyone else, rather than the share price they aspire to. Well, that rule is still going on to the books, but you’ll have to try really hard to fall […]

I dunno, you want to get excited about the new proposed money market fund rules? You can if you want. To get a sense of the stakes involved, consider the email I got from a reader today worrying that the SEC may wind up “killing say the market for receivables conduit financing in an attempt […]

When was the last time you took a second look at your student loans? If you’re like most borrowers, you probably try hard not to think about them. After all, dwelling on your debt isn’t going to make it go away any faster. Or is it?

The Financial Stability Board is … is a thing, first of all, did you know that? It’s not the Financial Stability Oversight Council, though it is as far as I can tell a global version of that with similar composition (senior regulators! in a room!) and obsessions (shadow banking! money market funds!). It’s also not […]

One day somebody will write the history of arguments of the form “we should be allowed to trick people, it’s for their own good.” It sounds like a terrible argument doesn’t it? And yet. There are real points to be made against mark-to-market accounting at banks. And this Investment Company Institute paper from July arguing […]

I am not your lawyer but let’s forget about that for two minutes and I’ll give you legal advice and then later we’ll pretend it never happened. Here is a thing that it is okay to do: Get people to invest their money with you and then lose it all because you’re unlucky, reckless, an […]

Money market mutual funds are among other things “mutual funds,” meaning that they’re piles of stuff owned by people called “shareholders.” The shareholders ultimately own the stuff, so if you put $100 into a money market fund and it invests it in stuff and the stuff loses half its value then you should only get […]

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Aug 9, 2012 at 6:16 PM

SAC

Mary Jo White was the top federal prosecutor in New York City during Bill Bratton’s first run as the Big Apple’s top cop, and she learned a few lessons from his “broken windows” theory: Clean a place up a little, and throw the fucking book at the street urchins who are messing things up with […]